Scaling into 2020

February 3, 2020

Sarah Pavlou of Scaleup North East at RTC North reveals what she’s learnt about the scaling business community in the region as she works on the Scaleup North East initiative

Scaleup North East, delivered by RTC North in partnership with the North East Growth Hub, was introduced to support the delivery of the North East Strategic Economic Plan’s ambition to increase the density of scaleups by 50 per cent by 2024. It is one of 50 initiatives in the UK that is recognised as a national example of best practice by the ScaleUp Institute. Two years into a three-year Scaleup North East Pilot, the team is delighted to have worked alongside more than 500 businesses that collectively forecast to create 900 exciting new jobs in the North East during 2020 – with an average GVA increase of £10,000 per job. Here are some of the things I’ve learnt as part of the initiative…

Business leaders/owners of all industries have one thing in common – that it’s lonely at the top. Peer-to-peer support is on the rise not only in the North East but nationally and globally. Relevant, reliable and quality advice from like-minded professionals can also be a significant catalyst for growth.

Every stage of growth, from £250,000 to £1 million or more, requires leaders to adapt. For many, when their business is born out of doing something they love, stepping away from the doing to the leading can be a challenging transition. We’re here to help the business to flourish.

Strategic networking is essential. Like anything in business, being proactive and planning your return on investment is equally as important in networking as it is with your marketing, sales etc. Our Scaleup North East community ensures business owners/leaders meet with the right people, in the right place, at the right time.

It’s going to be a rewarding year for scaling businesses in the North East, with a whole host of engaging and interactive insight workshops delivered by our partners and external solution providers.

Ambition and inspiration are infectious and The Scaleup North East Bootcamp provides the necessary infrastructure, mindset and finance to support business owners’ plans.

Time to unwind can be crucial. Scaleup socials are held once a month at various locations across the North East in partnership with the Apartment Group. These informal evenings for business owners are designed to help people relax and network at the same time.

Quality and valuable networking are often hard to find for larger businesses, so we’re delighted to announce we’re working in partnership with premium venues throughout the region to host private Friday afternoon lunches that will address key topics of concern and hear from leading industry speakers.

Finance remains a key focus. We’ve listened to the North East business community and found finance is an increasingly popular topic for future insight workshops. In 2020 there will be several events that bring finance to the forefront in a fun and engaging way.

RTC North 
RTC North is delivering Scaleup North East in conjunction with the North East Local Enterprise Partnership (LEP) and is part-funded by the European Regional Development Fund (ERDF). The programme is aimed at supporting North East-based businesses that can demonstrate both the hunger and the potential to achieve high levels of growth. Contact Sarah on sarah.pavlou@rtcnorth.co.uk or 0191 516 4400
www.scaleupnortheast.co.uk

– Advertising feature –

Share
Related
Scroll to next article
Go to

Reinventing the high street